Americold Realty Trust, Inc. (NYSE:COLD) CEO George F. Jr. Chappelle Purchases 110,000 Shares

Americold Realty Trust, Inc. (NYSE:COLD) CEO George F. Jr. Chappelle bought 110,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the transaction, the chief executive officer now owns 110,000 shares of the company’s stock, valued at $1,978,900. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $17.81 on Thursday. Americold Realty Trust, Inc. has a 1 year low of $16.56 and a 1 year high of $30.45. The firm has a 50 day moving average of $19.96 and a 200-day moving average of $21.56. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.07 billion, a P/E ratio of -52.38, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The firm had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. During the same quarter last year, the firm posted $0.37 EPS. The business’s revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 5.17%. Americold Realty Trust’s payout ratio is -213.95%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Citigroup decreased their price objective on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Finally, Scotiabank decreased their price objective on Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in COLD. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust in the 4th quarter worth $25,000. GKV Capital Management Co. Inc. acquired a new position in Americold Realty Trust in the 1st quarter worth $36,000. Parallel Advisors LLC boosted its stake in Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after purchasing an additional 847 shares during the period. Assetmark Inc. boosted its stake in Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.